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A Earns R60Kpm & pays R7Kpm to medical fund,A is married with 2kids,Wat is his tax credit for 2016

Posted 9 November 2015

Mphisane says:
9 November 2015 at 12:53

An individual aged 45, married with two small children, is a member of a medical aid fund. He earns a salary of R60 000 per month. He pays R7 000 each month to the medical aid fund throughout the year of assessment ending 28 February 2016. What is the monthly amount of his the medical scheme fees tax credit for the year of assessment ending 28 February 2016

TaxTim TaxTim says:
9 November 2015 at 15:39

Please make use of our Medical Tax Credits Calculator to see value of your medical credit for the year.

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